Iondrive Limited (ASX: ION) has secured commitments from sophisticated and professional investors to raise AU$6,100,000. This capital will be raised by placing up to 435,714,286 fully paid ordinary shares for AU$0.014 each. This initiative represents a significant step toward commercializing its groundbreaking battery recycling technology. The strong participation of institutional and cornerstone investors underscores their confidence in Iondrive's potential.
The funds will be strategically allocated to construct and operate a Pilot Plant for its innovative Deep Eutectic Solvent-based battery recycling technology. Additionally, it aims to enhance industry collaborations in the EU and the US and support its general working capital needs. Iondrive's exclusive technology is designed to extract critical minerals from end-of-life lithium-ion batteries through an environmentally sustainable and unique process, paving the way for a greener future.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
